#AUDNZD

AUDNZD (4H Timeframe) Analysis

Market Structure:
The price is moving within a well-defined channel, with lower highs and lower lows indicating a bearish structure. Currently, the price is approaching the channel's resistance level, which has historically acted as a strong barrier for upward movements.

Forecast:
A sell opportunity may arise if the price reaches the channel resistance and confirms rejection, signaling the potential for a move toward the channel's lower boundary.

Key Levels to Watch:
- Entry Zone: Near the channel resistance after confirmation of rejection or bearish signals.
- Risk Management:
- Stop Loss: Placed above the channel resistance or the recent swing high to manage risk.
- Take Profit: Target the midline or lower boundary of the channel for potential downside movement.

Market Sentiment:
The bearish channel structure suggests selling pressure dominates. Waiting for the price to touch the resistance and confirm rejection provides a strategic entry point aligned with the overall trend.